Seven good reasons to acquire economic citizenships in St Kitts and Nevis

When it comes to enlisting the longest and established economic citizenship programmes, it’s almost impossible to ignore the name of residency St. Kitts & Nevis. Since its start in 1984, the territory has been successfully running this programme without any discontinuation. Its strict investment requirements and precise due diligence procedures have enabled it to stand out among several other similar programmes offered by other territories. The primary reason for making tough policies is to maintain the quality and standard of candidates applying to avail the nationality. State government actually made this program to attract investors and entrepreneurs to invest and launch their businesses in the territory, so that it gains mutual economic benefits from the profits generated. After observing their firm condition and investment, you might be thinking to exclude this territory from your list. Here I am sharing few good reasons to show why you should not oversee this extensive residency option.

Because the real estate sector is stable, unlike to other countries’ property market in the Federation remains unaffected with downfall happening in international markets. Asset prices don’t experience huge drops. Buyers usually pay 50% or more of the total price in cash, whereas banks issue mortgages of 25% of the net price.

To enjoy visa-free travel to a lot more countries, whether you are a businessman or a passionate traveler, it is very captivating to know that you are eligible to travel to most of the countries freely. You don’t have to wait for a visa from the authorities, if you possess St Kitts and Nevis citizenship.

Zero income tax, once you obtain their passport, you become free from paying any taxes on earnings and capital gains and profits either for making investments and running business. The territory executes its needs from taxes generated from stamp and import duties. Property owners have to pay the 12% stamp duty while selling their assets.

The State offer better protection, when it comes to asset protection and privacy, the authorities offer better protection as compared to other territories in the region.

To enjoy living in the land of the highest GDP per capita, the major benefit of living in the land where an average person making a good income with no tax obligations is that more customers will be there to purchase and avail your services.

Because it is well connected, the territory is well connected with the USA and Canada with direct flights.

Because English is the first language, as we all know English is the most spoken language in the world. Countries where English is used as a second language experience slow processes for simple things. You will feel fortunate after choosing the residency in St Kitts and Nevis because English is the first language there.

Currency is stable, Eastern Caribbean Dollar is used as official currency and we all know Dollar is one of the stable currencies across the world.

Summary: Whether you are seeking for the second passport to expand your business or to avail the visa-free traveling facilities, passport of St Kitts and Nevis will efficiently execute the needs.

Howayda Alame is a digital marketing expert from UAE. http://www.localzy.ae